Search results for 'Microfinance'
World
GetBucks Microfinance Exhibits Robust Growth in Total Income, yet Faces Challenges in Profitability and Asset Quality

GetBucks Microfinance Bank’s net interest income increased by 62% from ZWL220 million in 2021 to ZWL399 million in 2022. This shows that the bank's lending activities grew significantly during the yea

May 02, 2023
Companies
Edgars commits US$1m to revitalize Carousel manufacturing division

Edgars Stores Limited, Zimbabwe’s largest clothing listed on the Victoria Falls Stock Exchange has  invested  US$1 million in its Carousel Manufacturing division according to the group’s latest financ

Jun 17, 2025
Companies
POSB Launches Instant Payday Loan

People’s Own Savings Bank (POSB), Zimbabwe’s government-owned financial institution, has launched the Instant Payday Loan, a fully automated loan facility designed to empower customers with rapid acce

Jun 19, 2025
Zimbabwe
A Look into Zimbabwe’s Street Vending Ban: Economic Formalisation vs. Informal Livelihoods

In early August 2025, Zimbabwe’s government issued a one-month ultimatum to ban street vending and second-hand clothing sales, aiming to formalise the economy and enhance urban order. This policy has

Aug 21, 2025
Companies
CBZ Holdings Bets on Informal Economy as Engine for Future Growth

CBZ Holdings Limited, Zimbabwe’s largest financial institution by deposit base and asset portfolio, has unveiled a potentially transformative strategic shift positioning the informal sector as the cen

Aug 22, 2025
Companies
NMBZ Acquires 100% Stake in EFC Zambia

NMBZ Holdings Limited a Zimbabwe headquartered diversified financial service group  has acquired a 100% stake in Entrepreneurs Financial Centre (EFC) Zambia, completing a strategic cross-border transa

Jan 23, 2026
Companies
Profit Triples, Wallets Shrink, Borrowings Surge: The Three Stories Inside InnBucks' Six Months

InnBucks MicroBank Limited has delivered half-year results for the six months ended 31 December 2025 that, at first reading, appear remarkable. Profit nearly tripled to ZWG 99.5 million from ZWG 33

Mar 04, 2026
Companies
Edgars Grows Profit 139%, Funding Costs Keep Earnings Base Under Pressure

Edgars Stores Limited has reported profit after tax of USD 1.947 million on total revenue of USD 41.3 million for the 52 weeks ended 4 January 2026. That is a net margin of 4.7% on a revenue base that

Apr 17, 2026

Top Stories

Zambia's Green Pivot: Unpacking Chisamba’s Ambitious Milestone

Zambia commissioned the 100MW second phase of the Chisamba Solar Power Plant on 21 July 2026, doubling installed capacity at the Central Province site to 200MW and creating the country’s largest solar

9 hours ago

From Household Security to Breadbasket:How Pfumvudza Can Unlock Zimbabwe’s Agricultural Scale

Zimbabwe's Pfumvudza/Intwasa programme has done what it was designed to do, delivering a bumper harvest, turning Zimbabwe’s 2024 cereal deficit story into a surplus one.  The 2025/26 summer season pro

13 hours ago

Zimbabwe’s Lithium Rail Service Intensifies Regional Port Competition

The National Railways of Zimbabwe, Beitbridge Bulawayo Railway and logistics company Silvergill have transported the first 1,000 tonnes of lithium concentrate from Tsingshan Holding Group’s Gwanda Lit

13 hours ago

Competition Watchdog Flags Exchange Deals as Dairibord Sale Looms

The Competition and Tariff Commission has warned investors, listed companies, stockbrokers and corporate advisers that acquisitions through the Zimbabwe Stock Exchange and Victoria Falls Stock Exchan

14 hours ago

Zimbabwe 2026 Tobacco Marketing Season Nears Close With 400 Million Kilogram Target Unmet

The Tobacco Industry and Marketing Board will close Zimbabwe’s 2026 auction tobacco floors on Friday, 31 July, after cumulative national sales reached 354.10 million kilograms by selling day 95 on 20

15 hours ago

Prospect Resources Extends High-Grade Copper at Nyungu Central in Zambia

Prospect Resources has extended high grade copper mineralisation beyond the current Mineral Resource Estimate at its flagship Nyungu Central deposit in Zambia after step out drilling intersected 44 me

1 day ago

Zimbabwe’s Gold Windfall Narrows as Fidelity Price Falls 25% From January Peak

Zimbabwe’s official Fire Assay cash buying price decreased 25.3% to US$3,764.15 per ounce on 21 July 2026 from a 2026 peak of US$5,041.57 per ounce on 29 January, reducing the revenue generated from e

1 day ago

Eureka Gold Mine Commissions First
5.4MW of 16.4MW Solar Plant

Eureka Gold Mine, a subsidiary of Padenga Holdings' Dallaglio Investments has commissioned the first 5.4MW phase of a planned 16.4MW solar power plant after investing about US$4.5 million according to

1 day ago